DUBLIN--(BUSINESS WIRE)--The "Telecom Power Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global telecom power systems market was worth US$ 3.1 Billion in 2017
Telecom power systems are used to assist telecommunication services by controlling and monitoring the flow of power over telecom networks. Telecom power systems consist of a number of smaller units that bear various technical requirements such as converters, controllers, distributors, etc. The evolution in the telecom power system market came after the telecom industry got integrated with information technology (IT).
The global telecom power systems market is currently witnessing a rapid growth with telecom towers being largely installed even in rural and remote areas. Power systems represent a cost-effective solution for maintaining and controlling telecom services in such areas as grid electricity represents a major challenge and they often face power shortages.
The strong growth of telecom infrastructure in rural areas, particularly in developing regions such as the Asia Pacific and Africa represents a key factor driving the demand of telecom power systems. In order to meet the demand of the rising number of subscribers in such regions, a number of towers have been installed in rural and remote areas.
Telecom power systems are playing a major role in improving the efficiency and reliability of telecom services in such locations. Moreover, the rising use of hybrid power systems is also creating a positive impact on the environment by utilizing renewable sources of energy such as wind and solar, thereby reducing the amount of emission of greenhouse gases.
Looking forward, the market value is projected to reach US$ 5.3 Billion by 2023, expanding at a CAGR of 9.5% during 2018-2023.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Telecom Power Systems Market
6 Market Breakup by Product Type
7 Market Breakup by Component
8 Market Breakup by Power Source
9 Market Breakup by Grid Type
10 Market Breakup by Region
11 Competitive Landscape
- Delta Electronics
- ABB Group
- Huawei Technologies Co.
- Schneider Electric
- Vertiv Co.
- Cummins Power
- Myers Power Products Inc.
- Ascot Industrial
For more information about this report visit https://www.researchandmarkets.com/research/g7qdfn/telecom_power?w=4